Calside Company Signed a 15-Month, $50,000, 6% Note on June

question 133

Multiple Choice

Calside Company signed a 15-month, $50,000, 6% note on June 1, 2011. The amount of interest to be accrued on December 31, 2011, is:

• A)$3,000.
• B)$1,750.
• C)$1,500.
• D)$1,141.

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Definitions:

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